Rusoro Mining (CVE:RML) Stock Price Down 14.4% – Here’s Why

Rusoro Mining Ltd. (CVE:RML)’s share price dropped 14.4% during trading on Monday . The company traded as low as C$0.71 and last traded at C$0.83. Approximately 812,477 shares changed hands during mid-day trading, an increase of 356% from the average daily volume of 178,202 shares. The stock had previously closed at C$0.97.

Rusoro Mining Stock Performance

The stock has a market cap of C$359.80 million, a price-to-earnings ratio of -7.75 and a beta of 1.27. The business has a 50-day simple moving average of C$0.81 and a two-hundred day simple moving average of C$0.90.

Insider Activity at Rusoro Mining

In related news, Director Anthony John Beruschi sold 75,000 shares of Rusoro Mining stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$0.99, for a total transaction of C$74,250.00. 29.16% of the stock is owned by company insiders.

About Rusoro Mining

Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Venezuela. It primarily holds 95% interests in the Choco 10 mine; and 50% interest in the Isidora mine located in the El Callao district in south-eastern Venezuela. The company was formerly known as Newton Ventures Inc and changed its name to Rusoro Mining Ltd.